Investment Company Institute (ICI) President Matthew Fink has described the legislation proposed by members of the US Senate Governmental Affairs Committee as likely to "seriously jeopardize the interests of current and future mutual fund investors." "Though we have not yet
Eurex US, the new all electronic US futures exchange, traded 39,441 contracts in US Treasury futures on its first trading day. The future on the 10 year Treasury Note was the most actively traded contract, with 25,472 contracts traded. Chicago
Fimat Group, the brokerage arm of Sociètè Gènèrale, has decided to consolidate its hedge fund services under a single brand Alternative Investment Solutions (AIS) "By leveraging the expertise of our alternative investment services available throughout the Group into a single
IR Global has launched a service that it says will help listed companies manage their relationships with international institutional shareholders more effectively. Companies that subscribe to the new service which is called Talon will enjoy online access to a global
BISYS says it can now offer custom documents to financial organizations serving as trustees for newly created Health Savings Accounts (HSAs), the tax favored savings arrangements for individuals and families that are covered by high deductible health insurance plans in
Hedge funds tracked by the Hennessee Hedge Fund Index produced a positive return of +2.14% in January. The broad market indices were up in January, with the S&P 500 DRI Index gaining +1.84% (+1.84% YTD) and the Dow Jones Industrial
Northern Trust has hired two native Dutch speakers to its Business Development and Relationship Management teams. John Gout will support Northern Trusts new business development activities in Europe and Wim van Ooijen, as a Senior Relationship Manager, will focus on
The Bank of New York has appointed Louis T. Kung as managing director and country manager for the People's Republic of China and general manager of the Bank's Shanghai branch office. It has also appointed Shyan Wen Chu as managing
The Bank of New York has been selected as depositary for the Grupo Modelo, S.A. de C.V. American depositary receipt (ADR) facility. Grupo Modelo, S.A. de C.V. produces and markets beer, including the brand names Corona, Modelo Especial, Victoria, Pacifico
Standard Life Investments has appointed Fiona Dickinson as Investment Director, Fixed Interest. She was previously a Public Finance Ratings Associate at Standard & Poors. Working with Craig MacDonald, Investment Director, Dickinson will have responsibility for researching and extending coverage of